MP: Social Protection Fund revenues and expenses projected at $5.307 bn

12:22 - 17.11.2021


November 17, Fineko/abc.az. The parliamentarians continue budget discussions.

ABC.AZ informs that the issue of the budget of the State Social Protection Fund for 2022 was discussed at the meeting. The chairman of the Parliamentary Committee on Labor & Social Policy, Musa Guliyev, said that for 2022 the SSPF’s revenues and expenditures are forecasted at the level of AZN 5.307 bn (AZN 253 million or 5% more than the expected performance indicator for the current year): "78.2% of Fund's income will be provided from contributions to mandatory state social insurance and 21.6% from finances allocated from the State Budget for balance. 58.8% of the income from contributions to compulsory state social insurance will be formed at the expense of the extra-budgetary sector and 39.4% at the expense of organizations financed from the budget."